Thursday, August 1, 2013

Deep Pocket , Ignorance or Business Operations/ (realised) Profitability is keeping you happy in times of economic distress ?

Entrepreneurs with deep pocket is surviving thinking that this shall go and we will come out winners , many hand to mouth competitors will die.

Ignorant Entrepreneurs have no cue what is happening and whether they are in financial trouble. As long as their cash flow is ticking they think they're are safe.

& the last one is rare class of entrepreneurs thriving and flourishing on true business operation and profitability. They are able to produce, sale and recover their money.

Economic conditions across business segment is stressed. Banks are finding it difficult to support but they are forced to do it. They are forced to do CDR. Its time for every business to go for reality check. Its time to make real P & L A/C & Balance Sheet for SELF USE. (Usually its made for shareholders , lenders & tax authorities and invariably its misleading).

Making sense out of own financials is the most sensible thing for every entrepreneurs in today's time.